If you earned $1850 in this pay period, but you had to pay 29% taxes of...
2. If you earned $1850 in this pay period, but you had to pay 29% taxes of your earnings, how much taxes are you paying in dollars? How much is left for you?
As a self-employed worker you pay FICA taxes at the rate of 15.3% of your earnings. You earned $59466 this year. How much must you pay as your FICA contribution?
Devin Moody earned gross pay of $1,450 during a recent pay period. He contributes 11% of gross pay to a 403(b) retirement plan and $100 each pay period to a cafeteria plan. Taxable earnings = $ Devin Moody earned gross pay of $1,450 during a recent pay period. He contributes 11% of gross pay to a 403(b) retirement plan and $100 each pay period to a cafeteria plan. Taxable earnings = $
9 A married couple earned $95,000 in 2016. How much did they pay in taxes? (Do not round Intermediate calculations.) Taxes Book Print What was their average tax bracket? (Do not round Intermediate calculations. Enter your answer as a percent rounded) Terences %6 Average tax rate What was their marginal tax bracket? (Enter your answer as a 1 decimal percent.) 96 Marginal tax rate
QUESTION5 Federal taxes are 28% of your income less state taxes, and state taxes are 10% of your income less federal taxes. This means you don't pay taxes on your taxes? taxes. Your income is $35.000. How much are your federal taxes? How much are your state QUESTION5 Federal taxes are 28% of your income less state taxes, and state taxes are 10% of your income less federal taxes. This means you don't pay taxes on your taxes? taxes. Your...
Jackson Autos has one employee. As of March 30, their employee had already earned $6,300. For the pay period ending April 15, their employee earned an additional $2,000 of gross wages. Only the first $7,000 of annual earnings are subject to FUTA of 0.6% and SUTA of 5.4%. The journal entry to record the employer's unemployment payroll taxes for the period ending April 15, would be:
A.) if your income is 60,000, how much will you pay in taxes. B.) determine marginal tax rate. C.) determine your average tax rate. Suppose in Fiscalville there is a O percent tax on the first $10,000 of income, but a 15 percent tax on earnings between $10,000 and $20,000 and a 30 percent tax on income between $20,000 and $30,000 Any income above $30,000 is taxed at 45 percent. Instructions: Round your answers to the nearest whole number a....
Even though pre-tax deduction reduces your take home pay you may pay less taxes to the IRS based on the deductions is this true? If you use the health care flex dose the deductions come out of your gross earnings every pay period ?
If your income is $60000 how much do you pay in taxes ?
You can always withdraw the money you have contributed to a Roth IRA without paying taxes on the withdrawal because you have already paid taxes on the original contribution. If you are younger than 59 and a half years old and opened your Roth IRA at least five years ago, you can also withdraw up to $10,000 of your Roth IRA earnings (that is, money earned from your contributions) without paying any taxes on the earnings as long you: Earned...